Deal Genius, LLC (”Deal Genius”), a retailer of consumer goods and other products, has entered an Assignment for the Benefit of Creditors with Moglia Advisors (the “Assignee”). The Assignee is operating the business, primarily on-line and through two leased locations, and will sell the assets (the “Assets”) at public auction in a single lot consisting of, but not limited to, clothes, housewares, tools, lawn and garden goods, toys, trade secrets, trademarks, domains, and copyrightable information.
Simultaneously and jointly with the Assignee’s sale of the Assets, the senior secured creditor of Deal Genius will sell its collateral to enable the purchaser of the Assets to acquire them free and clear of liens discharged by such sale under Article 9 of the Uniform Commercial Code.
Process Overview
The Assets are being sold on “AS IS, WHERE IS” basis, without representations or warranties of any kind, and not subject to any contingencies.
MOGLIA ADVISORS: Alex Moglia at [email protected]; or Nate Jones at [email protected],
Phone: (847) 884-8282; Fax: (847) 884-1188
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